FCG Investment Co Has $1.17 Million Stock Position in American Financial Group, Inc. (NYSE:AFG)

FCG Investment Co raised its position in American Financial Group, Inc. (NYSE:AFG) by 8.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 8,511 shares of the insurance provider’s stock after acquiring an additional 653 shares during the period. FCG Investment Co’s holdings in American Financial Group were worth $1,165,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its position in American Financial Group by 5.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 47,143 shares of the insurance provider’s stock valued at $5,800,000 after purchasing an additional 2,556 shares during the period. Renaissance Technologies LLC acquired a new position in shares of American Financial Group during the second quarter valued at about $1,501,000. Canada Pension Plan Investment Board acquired a new position in shares of American Financial Group during the second quarter valued at about $1,808,000. Pacer Advisors Inc. increased its position in shares of American Financial Group by 2.6% during the second quarter. Pacer Advisors Inc. now owns 12,541 shares of the insurance provider’s stock worth $1,543,000 after acquiring an additional 321 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of American Financial Group by 0.3% in the 2nd quarter. Sei Investments Co. now owns 26,059 shares of the insurance provider’s stock worth $3,206,000 after acquiring an additional 86 shares during the last quarter. Institutional investors own 64.37% of the company’s stock.

American Financial Group Stock Performance

AFG stock opened at $134.04 on Friday. American Financial Group, Inc. has a 12-month low of $115.64 and a 12-month high of $150.19. The firm has a market cap of $11.25 billion, a PE ratio of 12.56 and a beta of 0.83. The business has a 50 day moving average of $138.77 and a 200-day moving average of $134.12. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 EPS for the quarter, missing the consensus estimate of $2.51 by ($0.20). American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the company earned $2.45 earnings per share. American Financial Group’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, sell-side analysts expect that American Financial Group, Inc. will post 10.74 earnings per share for the current year.

American Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Tuesday, January 14th will be given a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, January 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.39%. American Financial Group’s dividend payout ratio (DPR) is currently 29.99%.

Wall Street Analysts Forecast Growth

AFG has been the subject of a number of recent research reports. Keefe, Bruyette & Woods decreased their price objective on American Financial Group from $165.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Piper Sandler increased their price target on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Finally, BMO Capital Markets raised their price objective on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research note on Friday, November 15th.

American Financial Group Company Profile

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers’ compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.